SLW is turning more "Golden"
Paying about $2 billion for 110,000 oz @ 400 per year? Doesn't seem like a great buy. How is the $2 billion to be paid? I assume it is over the next several years, which would make the deal better for SLW.
assuming gold price stays at what it is now, this generates about $140M/yr in profits to SLW. about a 13 year payback.
Financed with debt just issued.
it really depends on the avg spot of gold over the next 10 years. $2500 great deal. $1000 not so good. This company always has and always will be a play on fluctuation of precious metals.
Sentiment: Strong Buy
ok, so let me dream a little
gold rises to avg 5000/oz over next 20 years
5million proven, probable, and inferred ozs
5mm X 5k = 25 billion
somebody wake me up
well, if you're gonna dream......DREAM BIG !!! 5k gold &SLW with a PE comparable to NFLX... AC Cobras for everyone!!! ahhhhhh hahahahahahahaha
This is HUGE!!
This news attracts more investors into SLW. I will buy more tomorrow morning... 36s or 37s are bargain!!